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KARACHI WHOLESALE GROCERS ASSOCIATION (REGD.)
BALANCE SHEET
AS AT 30TH JUNE, 2007 |
|
Capital & Liabilities |
Rupees |
Association Fund: |
|
| Balance brought farward |
1,382,125 |
Less:Exccess of expenditure over |
|
| income during the year |
23,981 |
| |
|
| |
849,141 |
| |
|
Liabilities: |
|
| Arbitration award payable |
7,241,364 |
Members food grain license
payable |
283,317 |
Member market committee |
6,000 |
| license fee payable |
|
| |
7,530,681 |
|
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Property & Assets |
Rupees |
Fixed Assets (At Cost): |
|
| Office premises including |
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| furniture, fixture and fittings (At cost) |
450,750 |
Computer 41,000 |
|
| Less: Accumulated
depreciation 40,900 |
100 |
U.P.S. 15,958 |
|
| Less: Accumulated depreciation
12,768 |
3,190 |
Camera
5,900 |
|
| Less: Accumulated depreciation
3,540 |
2,360 |
Fax machine 11,000 |
|
| Less: Accumulated depreciation
8,800 |
2,200 |
| |
|
| |
458,600 |
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Current Assets: |
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| Income tax deducted |
6,260 |
Balance tax with bank |
8,423,420 |
Cash in hand |
545 |
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8,430,225 |
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| KARACHI WHOLESALE GROCERS
ASSOCIATION (REGD.)
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30TH JUNE, 2007
|
|
Expenditure |
Rupees |
Staff salaries and allowances |
208,500 |
| Function and seminars |
14,151 |
| Stationary and Photostat |
6,658 |
| Telephone and postage |
24,139 |
| Electricity |
8,730 |
| Water & sewerage board |
813 |
| Entertainment |
14,318 |
| Letters and circulars charges |
24,472 |
| Conveyance |
1,048 |
| Property tax |
5,616 |
| Audit fee |
5,000 |
| Repair & maintenances - office |
260,851 |
| Building maintenance charges |
7,200 |
| Newspapers & periodicals |
776 |
| Award to staff |
2,000 |
| Donation |
30,482 |
| Computer & fax charges |
4,420 |
| Election expenses (Net) |
1,053 |
| Repair & maintenances - Electric |
379 |
| Subscription & fee |
4,000 |
| Members computerised card (Net) |
11,450 |
| Bank chargers |
100 |
| Misc. & general expenses |
17,183 |
| Depreciation |
14,672 |
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Income |
Rupees |
Membership fee |
533,000 |
| Broker registration fee |
17,000 |
| Certification & forms |
42,890 |
| Annual magazine sale |
4,200 |
| Surplus on account of members |
|
| service charges (Net) |
24,490 |
| Other receipts |
22,450 |
| Excess of expenditure over income |
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| transferred to balance sheet |
23,981 |
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BACK
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